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$2,250,000

For Sale

1,063 ft²

$2,116 per ft²

1 room

Studio

0 baths

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Listing by Marcus & Millichap Real Estate Investment Services Inc, Corporate Broker, 260 Madison Avenue, New York, NY 10016

Common charges

Not applicable

Estimated payment

Arrow icon$11,526/mo

Legal disclaimerAll calculations are estimates provided by StreetEasy for informational purposes only. Actual amounts or financing terms may vary. Please contact your mortgage provider for specifics.

Taxes

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Tax abatement

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About

Seller’s agent

/

JOE KOICIM

Licensed Associate Real Estate Broker

Marcus & Millichap Real Estate Investment Services Inc

Shaun Riney

Licensed Associate Real Estate Broker

Marcus & Millichap Real Estate Investment Services Inc

description

159 Ludlow Street represents a rare, fee-simple development opportunity in the hear of Manhattan's Lower East Side. Situated midblock between Stanton and Rivington Streets, this vacant 25' x 42.5" lot offers approximately 4,271 BSF as-of-right, with up to 5,325 BSF achievable through the proposed City of Yes zoning bonus. The site is ideally positioned for a boutique townhouse, luxury multifamily or mixed-use project with ground floor retail.

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About the building

159 Ludlow Street

159 Ludlow Street, New York, NY 10002

Townhouse inLower East Side

2 units

4 stories

2025 built

Property history

  • Price Change: ↓ $225,000 (-9.1%) on 11/9/25
  • Days on market: 100 daysThis is the number of days the listing has been on StreetEasy.
DatePriceEvent

11/9/2025

$2,250,000

Price decreased by 9%

8/26/2025

$2,475,000

Listed by Marcus & Millichap Real Estate Investment Services Inc

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Explore Lower East Side

Transit

LocationDistance

Fat 2nd Av

0.13 miles

FJMZat Delancey St

0.16 miles

FJMZat Essex St

0.17 miles

JZat Bowery

0.29 miles

BDat Grand St

0.35 miles

About Lower East Side

Rental prices shown are base rent before any fees. Visit listings for cost and fees breakdown.

SalesMedian asking price

Studio

$475K

RentalsMedian asking base rent

Studio

$3,625

The narrow streets of the Lower East Side were once lined with tenement buildings, shirt factories and bialy shops. Although a few vestiges of the neighborhood's immigrant heritage remain, many of the tenement buildings have been updated and now offer relatively affordable rental options to young New Yorkers looking to live right in the thick of Downtown Manhattan.

There's no getting around it - the LES is a major nightlife destination. In this part of the city, last call is late and often negotiable -- especially if you're a regular. On weekend nights, the neighborhood is packed as crowds overflow from the local bars and take to the streets in search of a late-night falafel fix before heading onto the next party. During the day, the neighborhood chills out as residents nurse their hangovers or head to work slowly after stopping at one of the area's many trendy juice bars or coffee shops.

Learn more about Lower East Side